Economy & Utility
BCA native utility token
Token Design
$BCA is the economic backbone of the BCA (Blockchain-Centric AI) Ecosystem.
It acts as a store of value, a unit of account, and a medium of exchange that facilitates all on-chain interaction between the participants in the new, blockchain-based AI & Big Data industry.
The token is not a digital currency, security or a commodity.
Its uses expands from enhancing user experience to providing tangible economic benefits like staking rewards and fee reductions, as well as participation in governance.
Token specs
Token Ticker
$BCA
Token Contract
Token Type
ERC-20
Total Supply
1,000,000,000
Initial Supply
3%
Token Generation Event
TBA
Token Utility:
Unit of account:
Used as a unit of account between users, data providers and Ai enabled companies, in a new, blockchain-based AI and data platform
Proof of Personhood and Smart AI-Modules
BCA Protocol utilize $BCA tokens to authenticate users within the BCA ecosystem, to reduces abuse and ensure data quality.
Protocol Governance
$BCA tokens are used for governance purposes, allowing token holders to participate in decision-making processes related to protocol upgrades, parameter adjustments, and community initiatives. Token holders may vote on proposals and influence the direction of the ecosystem.
Staking and Consensus
$BCA tokens can be staked by validators to participate in the consensus mechanism of the BCA Protocol. Validators play a crucial role in validating transactions, maintaining network security, and ensuring the integrity of the ecosystem.
Platform Fees and Rewards
Transactions conducted within the BCA Protocol ecosystem may incur platform fees, which are paid in $BCA tokens. Additionally, users may receive rewards or discounts for utilizing $BCA tokens for transactions, incentivizing adoption and usage.
Access to Premium Features
$BCA tokens may grant access to premium features or services within the ecosystem, such as advanced analytics tools, exclusive data sets, or personalized insights. This creates additional value for token holders and encourages token circulation.
Overall, the $BCA token plays a crucial role in facilitating transactions, governance, incentivization, and ecosystem development within the BCA Protocol, contributing to its growth and sustainability.
Flow
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